Diablo III’s promised “real money” auction house has just launched. As its name implies, the real money auction house (RMAH) lets players purchase items for real cash. The currencies currently supported include the U.S. dollar, the Australian dollar and the Mexican peso.
Current prices are high. The best items are listed with buyouts of $250 while even rare items aimed at characters early into Nightmare difficulty are commonly priced at $5, $10 or $15.
Before you cancel your plans to look for a summer job, you should note that no-one knows if items are selling at these prices. It’s likely that the market is currently flooded by greedy geeks looking for easy money and that those items with bid options are selling for much less. Prices will probably settle once sellers realize that no one is going to pay $250 for anything besides the very best items.
Blizzard is touting the feature as a way to counteract black market sellers that have long profited off the company’s Diablo and World of Warcraft franchises. Illegitimate sellers have often been an avenue for malware, account hacking and scams. The company hopes that offering a legitimate method will counter such problems – and also make Blizzard gobs of money.
Money made on the RMAH can be cashed out (for a 15% fee) or can be used to purchase other products on Battle.net without penalty. Additional currencies are to be added in the coming days, though there is no published roll-out schedule.
Source: Inside Mac Games